{"id":33068,"date":"2022-12-12T08:21:17","date_gmt":"2022-12-12T08:21:17","guid":{"rendered":"https:\/\/errante.com\/?p=33068"},"modified":"2022-12-12T08:21:17","modified_gmt":"2022-12-12T08:21:17","slug":"the-week-ahead-12th-16th-december-2022","status":"publish","type":"post","link":"https:\/\/errante.com\/hi\/newsroom\/the-week-ahead-12th-16th-december-2022\/","title":{"rendered":"The Week Ahead: 12th – 16th December 2022"},"content":{"rendered":"\n

Overview for the Week Ahead<\/strong> <\/strong><\/h2>\n\n\n\n

A highly anticipated inflation reading, and the Federal Reserve\u2019s last policy decision of the year will serve as highlights during what should be the final week of major economic news in 2022.<\/p>\n\n\n\n

On Tuesday, the closely watched Consumer Price Index (CPI) for November may foretell how much higher rates could go in the coming year.<\/p>\n\n\n\n

Tuesday we will see a house hearing on FTX, whose spectacular collapse under the leadership of Sam Bankman-Fried last month has forced at least one cryptocurrency firm, BlockFi, to follow FTX into bankruptcy and put others on shaky ground.<\/p>\n\n\n\n

And on Wednesday afternoon, the Fed’s latest monetary policy decision will almost certainly deliver to investors the seventh and final interest rate increase of 2022.<\/p>\n\n\n\n

The government\u2019s retail sales report out Thursday morning will add to a consequential week on Wall Street.<\/p>\n\n\n\n

Following the Federal Reserve’s interest rate decision on Wednesday, the European Central Bank will announce its decision on rates.<\/p>\n\n\n\n

Friday will see a second FTX hearing on a motion regarding releasing the full list of creditors to FTX, which would include names and email addresses.<\/p>\n\n\n\n

Friday will also mark the last day of a stop-gap funding bill for the federal government, leaving three options, a government shutdown, the passing of a new budget, or another stop gap bill pushing the problem to the new year.<\/p>\n\n\n\n

For the GBP, Britain\u2019s darkening economic outlook is set leave Bank of England policy makers the most divided ever over how much to raise interest rates, with the prospect of the first-ever four-way split.<\/p>\n\n\n\n

Investors are betting the nine-member Monetary Policy Committee led by Governor Andrew Bailey will boost the key lending rate a half point to 3.5%, the highest in 14 years.<\/p>\n\n\n\n

This Week\u2019s High Impact Events<\/strong><\/h2>\n\n\n\n

The times below are GMT +2.<\/p>\n\n\n\n

Monday 12th<\/sup> December<\/strong><\/p>\n\n\n\n